Brokerages Set Talanx AG (ETR:TLX) Price Target at €45.43

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Shares of Talanx AG (ETR:TLX) have been assigned a consensus rating of “Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is €45.43 ($52.83).

A number of equities research analysts have weighed in on TLX shares. DZ Bank reaffirmed a “buy” rating on shares of Talanx in a report on Thursday, November 21st. Oddo Bhf set a €43.00 ($50.00) price objective on Talanx and gave the company a “neutral” rating in a report on Tuesday, November 12th. HSBC set a €46.00 ($53.49) price objective on Talanx and gave the company a “neutral” rating in a report on Wednesday, December 18th. Nord/LB set a €48.00 ($55.81) price objective on Talanx and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Warburg Research set a €46.60 ($54.19) price objective on Talanx and gave the company a “neutral” rating in a report on Tuesday, February 11th.

Shares of ETR TLX traded down €0.52 ($0.60) during midday trading on Friday, reaching €47.24 ($54.93). 71,208 shares of the company were exchanged, compared to its average volume of 138,773. The company has a current ratio of 1.34, a quick ratio of 0.80 and a debt-to-equity ratio of 29.91. Talanx has a 1 year low of €32.86 ($38.21) and a 1 year high of €48.22 ($56.07). The stock has a fifty day simple moving average of €46.03 and a 200 day simple moving average of €42.27. The stock has a market cap of $11.94 billion and a P/E ratio of 12.50.

About Talanx

Talanx Aktiengesellschaft provides insurance and reinsurance products and services worldwide. The company offers life, casualty, liability, motor, aviation, legal protection, fire, burglary and theft, water damage, plate glass, windstorm, comprehensive householders, comprehensive home-owners, hail, livestock, engineering, omnium, marine, business interruption, travel assistance, aviation and space liability, financial lines, and other property insurance, as well as coverage for fire and fire loss of profits insurance.

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Analyst Recommendations for Talanx (ETR:TLX)

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